Sold for $405,000 Listed for $439,900
323 N Arsenal Avenue
This property is not currently for sale or for rent.
TURNKEY QUADPLEX! Discover this prime investment opportunity at 323 N Arsenal Ave in Arsenal Heights, a highly desirable neighborhood on Indianapolis's east side, just minutes from downtown Indy and Highland Park. This well-maintained quadplex features four spacious 1-bedroom, 1-bathroom units, with two currently occupied generating reliable income of $1,000 and $895 per month, while the other two units stand vacant and ready for immediate tenant placement to boost your cash flow even further. All utilities are conveniently billed back to tenants through the leases, minimizing owner expenses and maximizing returns. Whether you're a savvy investor eyeing robust cash flow in a thriving, up-and-coming area or a house hacker aiming to live in one unit while renting out the rest to offset your mortgage, this property delivers the perfect blend of flexibility and profitability.
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Map to 323 N Arsenal Avenue, Indianapolis, IN 46201
MLS #
22061999
Date Listed
2025-09-11
Status
Sold
Property Type
Multi-Family/Apartments
Property SubType
Quadruplex
New Construction
No
Style
Traditional
Type
Quadruplex
Year Taxes Payable
2024
Year Built
1910
Days on Market
44
Additional
Design
Traditional
Cooling
None
Heating
Forced Air
External Features
Construction
Quadruplex
Lot Size
5,400 sq ft
Acreage
0.12 Acres
Fence
None
Location
Area
Marion
County
Marion
Subdivision
L A Wrights
Township
Center
City
Indianapolis
State
IN
Zip
46201
Schools
School District
Indianapolis Public Schools
Financial
Assoc. Dues
$0.00
| MLS # | 22061999 |
|---|---|
| Date Listed | 2025-09-11 |
| Status | Sold |
| Property Type | Multi-Family/Apartments |
| Property SubType | Quadruplex |
| New Construction | No |
| Style | Traditional |
| Type | Quadruplex |
| Year Taxes Payable | 2024 |
| Year Built | 1910 |
| Days on Market | 44 |
| Design | Traditional |
|---|---|
| Cooling | None |
| Heating | Forced Air |
| Construction | Quadruplex |
|---|---|
| Lot Size | 5,400 sq ft |
| Acreage | 0.12 Acres |
| Fence | None |
| Area | Marion |
|---|---|
| County | Marion |
| Subdivision | L A Wrights |
| Township | Center |
| City | Indianapolis |
| State | IN |
| Zip | 46201 |
| School District | Indianapolis Public Schools |
|---|
| Assoc. Dues | $0.00 |
|---|
MLS# 22061999
IDX information provided by the MIBOR REALTOR® Association.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Trent Kiester
@properties
trentkiester@atpropertiesind.com
Listing updated December 3, 2025 at 4:11 pm
Last checked 5 minutes ago
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